Explain the obligations of a minor who chooses to disaffirm a contract.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Minors who choose to disaffirm a contract must notify re...View the full answer
Answered By
Ashish Bhalla
I have 12 years work experience as Professor for Accounting, Finance and Business related subjects also working as Online Tutor from last 8 years with highly decentralized organizations. I had obtained a B.Com, M.Com, MBA (Finance & Marketing). My research interest areas are Banking Problem & Investment Management. I am highly articulate and effective communicator with excellent team-building and interpersonal skills; work well with individuals at all levels.
4.80+
17+ Reviews
46+ Question Solved
Related Book For
Dynamic Business Law The Essentials
ISBN: 978-0073524979
2nd edition
Authors: Nancy Kubasek, Neil Browne, Daniel Herron
Question Posted:
Students also viewed these Business Law questions
-
Mr. E. Evans has decided to open a small car detailing company. The individual at the name registration office suggested that Mr. Evans walk down to the CRA office and pick up the information package...
-
Who is responsible for the obligations of a business that is carried on by a sole proprietor? What does this mean in practice for sole proprietors?
-
Can the obligations of a contract be discharged for impossibility or impracticability when the subject matter of the contract is for the purchase of pollution credits and the party intending to sell...
-
Use the following data to determine the total dollar amount of assets to be classified as Long-Term: Sons of Anarchy Office Supplies Balance Sheet December 31, 2029 Cash $ 130,000 Accounts payable $...
-
For each of the following tests and z values, determine the p-value for the test: a. Left-tail test and z = 1.62 b. Right-tail test and z = 1.43 c. Two-tail test and z = 1.27
-
Find values for C and a so that f(x) = Ca x models the data in the table. 0 y 4 1 2 2 1 3 0.5
-
The transfer function of a dynamic system is given by \[G(s)=\frac{s+4}{s^{5}+2 s^{4}+3 s^{3}+8 s^{2}+4 s+5}\] Determine the stability of the system a. Using Routh's stability criterion without...
-
Should citizens be concerned if the pension plan funding measure decreases over time? Why?
-
GRANT CREATE TABLE WITH GRANT OPTION TO cis605_usr; IT is not working it is stating invalid syntax on second grant work. it is asking for (;'' or something else it created this fine. USE cis605;...
-
Review the example of a network shown in Figure 6-4. Assume that only one person can join the network each month, starting with Adam and proceeding clockwise. a. Construct a table showing the value...
-
Deanna Milligan was injured when she fell two stories while saving herself and her children from a fire that destroyed her apartment building. She sued the apartment owner (Chesterfield) and...
-
Go back to the discussion of contracts that cannot be disaffirmed by minors, and explain the policy reasons that support each of the exceptions. Can you make an argument for any additional kinds of...
-
This is a potentiometer circuit. a i. Sketch a graph of reading on the voltmeter against length, l, as the jockey is moved from point A to point B. ii. State the readings on the voltmeter when the...
-
Consider the following binary tree. a) Give the corresponding postorder sequence b) Give the corresponding inorder sequence E to points
-
You are an accounts payable clerk for a small manufacturer that creates designer flowerpots, You received three scenarios with specific dates. Answer the following questions. (a1) Scenario 1: Copy...
-
perfection ceramics purchased equipment used in the business three years ago for 48,000. They accumulated depreciation account related to the equipment asset account had a balance of $17,250. The...
-
Extracts from the consolidated financial statements of PolyCom Limited for the year December 2017 are given below: Consolidated statement of profit and loss of Poly Com Limited for the year ended 31...
-
As easy as it is to use credit, it is even easier to get into trouble with it. If you do you should: devise a realistic budget that includes a plan to pay of the balance. contact your creditors and...
-
Using Web sites or library resources, obtain information about new developments in financial services. How have technology, changing economic conditions, and new legislation affected the types and...
-
Show that the block upper triangular matrix A in Example 5 is invertible if and only if both A 11 and A 22 are invertible. Data from in Example 5 EXAMPLE 5 A matrix of the form A = [ A11 A12 0 A22 is...
-
The plaintiff sold his photography online. He sued defendants for copyright infringement. He believed that the defendants had obtained his photos illegally and placed one of these photographs,...
-
Securities brokerage firm Charles Schwab filed suit against a former employee who left the company and started his own wealth management firm. Charles Schwab claimed that the names of its clients,...
-
Nike and Michael Jordan created the Air Jordan line in the 1980s. Jordan filed suit against a Chinese sportswear company, Qiaodan Sports, in China. Jordan is known in China as Qiaodan, and Qiaodan...
-
Company C issues $10 million of five-year, 10 per cent, semi-annual coupon debentures to the public (which pay interest each six months). The market also requires a rate of return of 10 per cent....
-
You are presented with a trial balance as of the end of 2018 and must add the transactions and activities that occurred in the first quarter of 2019 as listed below. You can add accounts to the trial...
-
At the beginning of the year, Teal Corporation had E & P of $210,000. On March 30, Teal sold an asset at a loss of $200,000. For the calendar year, Teal incurred a deficit in current E & P of...
Study smarter with the SolutionInn App